Brief: Yatas Yorgan Decides To Invest In A New Facility That Will Increase Capacity Of Existing Sponge Production Facility In Kayseri

Yatas Yatak ve Yorgan Sanayi Ticaret

01/03/2023 06:38

March 1 (Reuters) - YATAŞ YATAK VE YORGAN SANAYİ TİCARET
 YATAS.IS :
    * SAID ON TUESDAY DECIDES TO INVEST IN A NEW FACILITY THAT
WILL
INCREASE  CAPACITY OF EXISTING SPONGE PRODUCTION FACILITY IN
KAYSERI
    * INVESTMENT INCENTIVE ADVANCE LOAN (YTAK) FROM CBRT, WITH A
MATURITY OF 10 YEARS AND A TOTAL MATURITY OF 470 MILLION LIRA, 2
YEARS OF WHICH IS NON-REFUNDABLE, HAS BEEN APPROVED
    * DECIDES TO USE 184 MILLION LIRA, WHICH IS THE FIRST
TRANCHE OF
YTAK LOAN
    * THE FACILITY IS PLANNED TO BE OPERATIONAL IN FIRST HALF OF
2024

        
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